Toronto-listed Alamos Gold is proceeding with an expansion of its Island Gold mine, in Ontario, Canada, which will significantly increase output, lower costs and turn it even more profitable.
Alamos points out that Island Gold was already one of the most profitable mines in Canada.
“The Phase 3 expansion study showcases the growing value of Island Gold, says president and CEO John McCluskey.
The study focuses on expanding the operation from 1 200t/d to 2 000 t/d.